/ˈpɪriəd ʌv ɪksˌkluˈsɪvəti/ – Phrase
Definition: Thời gian độc quyền.
A more thorough explanation: time that a seller gives a buyer to carry out some procedure or act before the assets or property may be offered to another buyer
Example: In June the company revised its bid upwards and requested a period of exclusivity to conduct due diligence.